The University of Virginia is expecting a roughly $7-million bill for Obamacare’s new employer penalties, said Susan Carkeek, the University’s vice president and chief human resources officer. “We’re expecting fairly significant cost implications from the Affordable Care Act that pass on new penalties and charges, fees to employers – probably in the order of $7 million a year,” she explained in an interview.
Community colleges across the country are slashing employee hours to avoid costly Obamacare mandates. For example,”Pennsylvania’s Community College of Allegheny County (CCAC) is slashing the hours of 400 adjunct instructors, support staff, and part-time instructors to dodge paying for Obamacare.” Youngstown State University is also “trimming staff hours to avoid Obamacare’s fiscal burden.” Other universities are also cutting employee hours, which is “a double whammy” for instructors, who are “facing a legal requirement [under the new law] to get health care and if the college is reducing our hours, we don’t have the money to pay for it,” said an adjunct biology professor.
Other employers are now cutting full-time workers and replacing them with part-time workers (which helps conceal high unemployment) in order to avoid Obamacare mandates that apply to full-time employees, a phenomenon chronicled at the Huffington Post and on Fox News. Obamacare is causing layoffs in the medical device industry, and will wipe out many jobs. It will reduce employment by an additional 800,000 because of work disincentives and bizarre income-cliffs. Earlier, restaurant chain CEO Andrew Puzder explained how the 2010 health care law is preventing jobs from being created in the restaurant industry, and resulting in layoffs in other industries. John Stossel reported on how Obamacare is stopping businesses from hiring.
Obamacare is also resulting in more wasteful medical tests, driving up unnecessary medical billings, and wasting doctors’ time. The Dean of Harvard Medical School, Jeffrey Flier, said that Obamacare will reduce life-saving medical innovation.